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Aramco, Exxon to Refit Yanbu Plant in 2013 - Source - ASHARQ AL-AWSAT English Archive
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KHOBAR,(Reuters) – Saudi Aramco and Exxon Mobil (XOM.N) plan to shut their 400,000 barrels per day (bpd) Yanbu refinery in 2013 to bring on stream a new clean fuel project, an industry source said on Saturday.

Exxon and Aramco are investing $2.5 billion to reduce sulphur from diesel and gasoline at the jointly owned refinery.

The refinery, on the Red Sea coast, exports mainly gasoline and gas oil.

“Most of the refinery would be down for the clean fuels project,” the source said.

The shutdown would take place around February 2013 and would last 4 to 5 weeks, the source, who declined to be identified, said.

The project will not change the capacity of the refinery, an executive from Exxon Mobil’s chemical unit said last year. He had expected the project to come online by 2012

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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